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HOMEOWNERS REDEVELOPMENT TAX
Redeveloping your old home? Bigger flats could mean higher maintenance & property taxHomeowners undertaking redevelopment of old houses should prepare for increased annual property costs. Bigger flats and modern amenities li...- Got more carpet area after property redevelopment? No income tax on extra carpet area if it meets a key conditionHomeowners can avoid income tax on additional carpet area received through property redevelopment. This is possible under Section 54 of the...
- Homeowners, not housing society, must pay capital gains tax on sale of development rights to builders, rules ITAT MumbaiThe Income Tax Appellate Tribunal Mumbai has ruled that individual homeowners are liable for capital gains tax when their housing society s...
- Greening India’s smart cities: From budgetary intent to scalable impactIndia's urban development is undergoing a pivotal shift with the Urban Challenge Fund, emphasizing cities as growth hubs and creative redev...
- Bombay High Court gives GST relief to homeowners: No GST on re-development by homeowners through builder under these termsReal estate: The Bombay High Court has ruled that no GST can be levied in a joint development agreement (JDA) where the landowner/homeowner...
- Big relief for flat owners: No income tax payable if you get a new flat in exchange for old, rules Mumbai ITATA recent Mumbai ITAT ruling offers relief to homeowners in redevelopment projects. The tribunal held that receiving a new flat in exchange ...
- Sold property for Rs 43.5 lakh, how can I pay lower long term capital gains tax, with or without indexation?Long term capital gains tax: How can you pay lower tax if you sell a flat for Rs 43.5 lakh? Our panel of experts answers questions related ...
- Should your housing society opt for self-redevelopment?The trend has gathered steam in Mumbai. It offers several advantages to the society members, but can be quite a tedious task.
- India's biggest urban makeover in Mumbai means free homes for 20,000The area, known as Bhendi Bazaar, will rehouse 20,000 people crammed into 250 crumbing buildings in a Muslim enclave in south central Mumba...
- Facing a big hit, property owners may move court against retrospective tax in MumbaiThe new capital value-based property tax system that comes into effect from April 2010 will impact more than two lakh properties in the cit...
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